Flipkart CFO Sanjay Baweja quits

Flipkart's commerce head Mukesh Bansal and chief business officer Ankit Nagori also left the company in February this year.Flipkart chief financial officer Sanjay Baweja has quit the company, just under two years of joining India's largest e-commerce marketplace. Flipkart has confirmed this exit to ET.

This move comes at a time when Flipkart is reportedly in advanced talks to raise $1 billion from one of the world's biggest retailer Walmart. It also comes amid the crucial festive season, which tends to be one of the most important periods for e-tailers to boost their sales.

Baweja had joined Flipkart in November last year from Tata Communications where he was serving as the Global CFO. He's also had stints at Bharti Airtel, Xerox ModiCorp and has over three decades of work experience.

Flipkart which is currently engaged in a high stakes leadership battle with Amazon India, has witnessed a series of top management exits over the last year or two.

Flipkart's chief product officer Punit Soni, one of the company's most prized Silicon Valley hire, quit in April this year after an year-long stint.

Flipkart's commerce head Mukesh Bansal and chief business officer Ankit Nagori also left the company in February this year. This was just a month after a top-level restructuring that resulted in co-founder Binny Bansal's elevation as the CEO of India's most valuable startup.

In August, Flipkart had changed its top management structure again, putting two key business units under the control of Kalyan Krishnamurthy, a senior executive from Tiger Global who was brought back in June this year. This was the third major re-organisation at Flipkart this year.

Krishnamurthy is now leading Flipkart's turnaround as it fights to keep the numero uno status in India's e-tail war, ET reported last week.